Search homes for sale in Greenwich Village, known for its colorful, artistic residents and the alternative culture they propagated.
Last month, the median sale price for homes in Greenwich Village stood at $1.5 million, marking a significant increase of 20.9% compared to the previous year. However, the median sale price per square foot in the area experienced a decline, currently standing at $1.64 thousand, down by 11.3% from the previous year. These figures indicate a dynamic real estate market in Greenwich Village, with fluctuating prices but overall showing a positive trend in terms of median sale prices.
Median Sale Price
Median Sale Price per Sq. Ft
# of Homes Sold
Median Days on Market
In April 2024, the median sale price for homes in Greenwich Village surged by 20.9% compared to the previous year, reaching a median price of $1.5 million. On average, homes in the area remained on the market for about 115 days before being sold, slightly longer than the 111 days seen last year. Despite the increase in median sale price, there was a slight decrease in the number of homes sold, with 51 homes sold in April this year compared to 55 in the same month last year. These trends suggest that while home prices are rising, the market may be experiencing a slight slowdown in terms of sales volume, possibly influenced by factors such as economic conditions or buyer preferences.
The market in Greenwich Village appears to be strong but with some nuances. The significant increase in median sale price by 20.9% suggests a high demand for homes in the area, indicating a competitive market where buyers are willing to pay higher prices.
However, the slight increase in the average number of days on the market, from 111 days to 115 days, could indicate a slight softening in the market's competitiveness. This may suggest that while demand remains high, buyers are taking slightly longer to make purchasing decisions or that there is a larger inventory of homes available compared to the previous year, giving buyers more options and potentially reducing the urgency to make quick offers.
The decrease in the number of homes sold from 55 to 51 could also indicate a shift in market dynamics, with fewer transactions taking place. Overall, while Greenwich Village remains a competitive market with rising prices, these subtle shifts suggest a potential moderation in the market's intensity compared to the previous year.
For detailed, up-to-date information on buying a house in Greenwich Village, including legal considerations and market trends, you can talk to The OB Team.
The average price range for homes in Greenwich Village varies depending on the size, location, and condition of the property. As of April 2024, the median sale price for homes in Greenwich Village is around $1.5 million. However, prices can range from below $1 million for smaller apartments to over $10 million for larger, more luxurious properties.
Greenwich Village offers a mix of housing options, including historic townhouses, pre-war apartment buildings, and modern high-rise condominiums. Townhouses are particularly sought after for their historic charm and unique architecture, while apartments in pre-war buildings often feature classic details like high ceilings and ornate moldings.
The real estate market in Greenwich Village is generally strong, with prices steadily increasing over the past few years. Compared to the rest of Manhattan, Greenwich Village has seen similar trends in terms of price appreciation and market activity. However, Greenwich Village's unique charm and amenities often make it a more desirable and competitive market compared to other neighborhoods in Manhattan.
Greenwich Village is known for its vibrant culture, historic landmarks, and diverse dining and shopping options. The neighborhood is home to iconic attractions like Washington Square Park, the Stonewall Inn, and the New York University campus. Residents also enjoy a wide range of restaurants, cafes, and boutiques along the tree-lined streets of Greenwich Village.
Greenwich Village is well-connected to the rest of Manhattan and beyond via public transportation. The neighborhood is served by several subway lines, including the A, C, E, B, D, F, and M trains, providing easy access to other parts of the city. Additionally, there are several bus routes that run through Greenwich Village, making it easy to get around without a car.
Discover the charm and allure of Greenwich Village with our comprehensive neighborhood guide! From historic landmarks to trendy cafes and everything in between, explore the heart of this iconic neighborhood and uncover its hidden gems. Start your journey today and immerse yourself in the vibrant culture and rich history of Greenwich Village. Click here to explore our neighborhood guide now!
Having lived and worked in New York City for more than 30 years, The Mark O'Brien Team offers experience of the all-important, yet often imperceptible, nuances of each neighborhood. Finding the city's hidden gems is one of our greatest passions, and The Mark O'Brien is driven by creating real value on behalf of our grateful and loyal clientele.
